Trump's White House Is Disabling the CFPB. What to Know—and …
1 day ago · Analysts said that the White House cannot close the agency without Congress' consent but could hold the CFPB back from doing much of its work. States could step in to regulate financial companies ...
White House declines funding for CFPB, suggesting agency nears …
3 days ago · A White House official said Saturday he would decline more funding for the Consumer Finance Protection Bureau, signaling a possible end to the agency. ... Congress created the CFPB in 2010 after ...
Consumer protection under threat? White House moves to defund, disband CFPB
The salvo came hours after Russell Vought, the White House budget chief appointed acting CFPB director by President Trump, halted more of the bureau’s operations.
Pushback after White House halts work at Consumer Financial
1 day ago · The White House has ordered the Consumer Financial Protection Bureau (CFPB) to cease all operations, a move that has sparked controversy and prompted resignatio
White House Orders Consumer Protection Agency Shutdown
2 days ago · Newsweek reached out to the White House and CFPB via email on Sunday for comment. Why This Matters The CFPB was created after the 2008 banking recession to protect customers from unfair and ...
Russ Vought orders Consumer Financial Protection Bureau to stop …
2 days ago · The CFPB officially began operations in 2011 under former President Barack Obama as part of the Dodd-Frank Act. Sen. Elizabeth Warren, who was crucial to its creation, posted on social media on ...
As Musk, Trump administration target CFPB, Democrats defend …
1 day ago · The agency is at a virtual standstill after Musk's Department of Government Efficiency and Russell Vought, the leader of the White House budget office and now acting director of the CFPB, took ...
Vought cuts off CFPB funding, saying it’s not necessary
2 days ago · A spokesperson for CFPB and the White House did not immediately respond to a request for comment. In the email, Vought said the regulator — which oversees banks, payment firms and other ...
Biden-era consumer agency head fired by Trump White House
Feb 1, 2025 · The White House on Saturday fired the head of the Consumer Financial Protection Bureau, Rohit Chopra — one of the final regulators held over from the Biden administration. Why it matters: Trump is the first president to fire a leader of the CFPB.The Supreme Court in 2020 ruled the agency's structure was unconstitutional and said presidents could fire directors at will.
CFPB's 1,700 employees told to 'not perform any work' as Obama …
1 day ago · The CFPB is located across the street from the White House complex. REUTERS “We absolutely considered this, but couldn’t get full buy-in from everybody in the White House,” Mulvaney told The ...